PF Group Holdings Limited (8221) AI Stock Analysis

• Market Cap: HK$52.36M
• Dividend Yield: N/A
• Average Volume (3M): 301.23K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.65
• Revenue Growth: -30.93%
• EPS Growth: -584.06%
• Country: HK
• Employees: 20
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): -0.11
• Shares Outstanding: 47,600,000
• 10 Day Avg. Volume: 38,820
• 30 Day Avg. Volume: 301,226
• PEG Ratio: <0.01
• Price to Book (P/B): 0.23
• Price to Sales (P/S): 1.10
• P/FCF Ratio: -3.57
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: HK$1.00 ▼(-13.04% Downside)
• Action: Reiterated Date: 01/30/26
• Date: Action: Reiterated 01/30/26

The score is primarily held back by weak financial performance, with losses, declining revenue, and negative operating/free cash flow outweighing the benefit of low leverage. Technicals are moderately supportive because price is above major moving averages, but momentum signals are mixed. Valuation is difficult to assess due to a negative P/E and no dividend yield data.

Positive Factors

Conservative leverage

A low debt-to-equity ratio (0.14) provides durable financial flexibility and lowers solvency risk. Over the next 2–6 months this reduces refinancing pressure, allows management to fund strategic priorities or absorb shocks without compromising operations, and supports long-term optionality.

High gross margin

A near-74% gross margin signals inherently profitable core economics that can cover SG&A and support investment if top-line stabilizes. Structurally, strong product/service margins create a buffer versus cost inflation and give management scope to restore operating profitability as revenue recovers.

Lean operating base

A very small headcount implies a lean cost structure and lower fixed overheads, enabling quicker cost adjustments and scalability. Over several months this can preserve runway, allow targeted reinvestment in growth areas, and support margin recovery without large structural layoffs.

Negative Factors

Declining revenue

Sustained revenue decline reduces scale advantages and undermines the company's ability to absorb fixed costs. Over a multi-month horizon, shrinking top line constrains reinvestment, weakens bargaining power with partners, and makes recovering operating leverage and profitability materially harder.

Deep net losses

A large negative net margin indicates the company is far from break-even and is eroding shareholder value. Persisting losses over several quarters pressure equity, limit retained earnings for growth, and increase the likelihood management must pursue restructuring or external financing to sustain operations.

Weak cash generation

Sharp deterioration in operating and free cash flow, including a -71.69% FCF growth rate, impairs the firm's ability to fund capex, pay suppliers, or invest in growth without external financing. Over months this reduces strategic flexibility and raises liquidity and solvency concerns if trends persist.

PF Group Holdings Limited Business Overview & Revenue Model

Company Description

Gaoyu Finance Group Ltd. is an investment company, which engages in the provision of security services. It focuses on providing securities dealing and brokerage services, placing and underwriting services, financing services including securities and initial public offering, margin financing, and asset management services. The company was founded in August 3, 2015 and is headquartered in Hong Kong.

How the Company Makes Money

PF Group Holdings Limited Financial Statement Overview

Summary

Weak fundamentals driven by declining revenue (-17.64%), a deeply negative net margin (-42.89%), and negative EBIT/EBITDA margins. Cash generation is also poor with negative operating and free cash flow and sharply negative FCF growth (-71.69%). The main offset is a relatively conservative balance sheet with low leverage (debt-to-equity 0.14), though negative ROE (-8.90%) underscores profitability pressure.

Income Statement

PF Group Holdings Limited has experienced a decline in revenue over the past year, with a negative revenue growth rate of -17.64%. The company has struggled with profitability, as evidenced by a negative net profit margin of -42.89% and negative EBIT and EBITDA margins. Despite a strong gross profit margin of 73.99%, the overall income statement reflects challenges in converting revenue into net income.

Balance Sheet

The balance sheet shows a relatively low debt-to-equity ratio of 0.14, indicating conservative leverage. However, the return on equity is negative at -8.90%, reflecting challenges in generating returns for shareholders. The equity ratio is strong, suggesting a solid capital structure, but the negative ROE highlights profitability issues.

Cash Flow

The cash flow statement reveals significant challenges, with negative operating cash flow and free cash flow. The free cash flow growth rate is sharply negative at -71.69%, indicating deteriorating cash generation capabilities. The operating cash flow to net income ratio is also negative, suggesting inefficiencies in converting income into cash.

Breakdown	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	30.09M	23.59M	13.76M	7.44M	16.45M
Gross Profit	22.27M	16.30M	6.07M	-476.00K	-2.37M
EBITDA	-6.05M	12.98M	-6.27M	-19.81M	-10.95M
Net Income	-12.91M	8.89M	-9.51M	-24.79M	-16.06M
Balance Sheet
Total Assets	246.68M	229.29M	197.16M	199.47M	226.87M
Cash, Cash Equivalents and Short-Term Investments	31.80M	24.00M	44.58M	96.34M	117.44M
Total Debt	20.86M	7.14M	2.97M	5.53M	1.22M
Total Liabilities	100.71M	75.40M	53.35M	46.13M	48.75M
Stockholders Equity	145.09M	152.71M	143.82M	153.33M	178.13M
Cash Flow
Free Cash Flow	-9.26M	-41.79M	-60.93M	-17.80M	58.29M
Operating Cash Flow	-9.23M	-41.76M	-60.88M	-14.08M	58.94M
Investing Cash Flow	431.00K	798.00K	-7.79M	-2.18M	4.35M
Financing Cash Flow	25.71M	14.50M	8.94M	-3.29M	-54.85M

PF Group Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8221, the sentiment is Negative. The current price of 1.15 is above the 20-day moving average (MA) of 1.11, above the 50-day MA of 1.12, and above the 200-day MA of 1.08, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.63 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8221.

PF Group Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
8210	59 Neutral	HK$53.04M	-1.17	-12.48%	―	-26.76%	-1511.11%
8365	54 Neutral	HK$484.95M	-3.93	-37.64%	―	-16.56%	-769.12%
8333	52 Neutral	HK$36.48M	77.85	1.81%	―	30.59%	―
8221	51 Neutral	HK$52.36M	-2.32	-5.53%	―	-30.93%	-584.06%
8340	48 Neutral	HK$36.66M	1.41	7.68%	―	94.66%	―
8072	47 Neutral	HK$80.28M	-1.34	-18.97%	―	5.03%	70.32%